Indian It

Indian IT stocks post best weekly gain in 18 years amid global AI sell-off

This comes as AI sell-off drives investors towards the country's software firms

Indian software stocks set to outperform AI peers by most margin in decades

India's top software exporters have surged over 10% this week as global chip stocks fall 7.4%, with analysts pointing to AI valuation concerns and signs of improving revenue growth in the IT sector

US green-card suspension poses little risk to Indian IT firms: Analysts

US' move, targeting the Permanent Labor Certification programme, is ‌part of a broad effort to reduce the number of foreign-born people in the US and curtail their pathway to residence and citizenship

H-1B costs soar, prompting Indian IT companies to rethink US hiring

Indian firms cut fresh visa registrations as extensions, transfers, and local hiring gain ground

AI push by firms like Starbucks poses new threat to India's IT sector

As companies build AI-powered in-house systems, India's IT services firms risk losing lucrative software maintenance contracts that have long underpinned the country's outsourcing industry

IT companies risk losing ground to AI-native firms: S&P Global Ratings

S&P Global Ratings says Indian IT services companies must invest in AI, protect recurring business and deepen GCC partnerships to counter rising competition from AI-native firms

Indian IT majors set for subdued Q1 as AI shift, weak demand weigh

Analysts expect weak constant-currency growth as AI-led pricing pressure, cautious client spending and geopolitical uncertainty weigh on demand despite currency gains

Indian IT cos near-term outlook muted; clients cut spending, AI risks mount

India's IT sector faces muted growth as client spending slows and AI disrupts pricing, with analysts expecting only 3-4% revenue growth in the near term

Maximising the Growth Potential of Tech Talent

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TMS Ep598: Deal reversals in IT, Indian OTT, India VIX, XPoSat

Will deal reversals continue for Indian IT in 2024? What will 2024 hold in store for OTTs? Is India VIX hinting at a downturn ahead? What is XPoSat? All answers here

HCL Tech reports revenue growth of 19.6%; announces Rs 10 dividend

HCL Q3 results: The company added 2,945 new employees during the quarter, and the closing headcount was 222,270. The attrition rate in Q3FY23 stood at 21.7%

HCL Tech management cautious on revenue growth in FY23; stock plunges 6%

At its investor meeting held in New York on December 8, the management said the revenue growth guidance for FY23 is likely to come in at the lower end of its 13.5-14.5 per cent

Accenture's outsourcing guidance bodes well for big Indian IT cos: Analysts

Analysts underscored that Accenture's August quarter (Q4FY22) results reflected softening of demand for IT services, and thus remain 'cautious' on the sector

Cloud, security to be priority even if recession hits US: Morgan Stanley

The report suggests limited near-term impact for Indian IT services players, but commentary on FY24 will be crucial

Strong order book, high attrition: What Accenture's Q3 means for Indian IT

Accenture Q3 results: Strong outlook and robust bookings reflect the secular nature of demand for IT services in the near-term, though medium-term risks persist, said analysts

Covid-19 pandemic accelerating adoption of artificial intelligence: IBM

IBM's "Global AI Adoption Index 2021" revealed that while AI adoption was flat over the last year, momentum is shifting due to the global Covid-19 pandemic

'Trump exceeded constitutional authority': Three key updates on H-1B visa

Donald Trump's order to enforce ban on US companies' favourite visa, H-1b, has been blocked by a US federal judge

Trump signs new order on H1B visa hiring: Only be used to create US jobs

Trump said, H-1B should be used for top highly paid talent to create American jobs, not as inexpensive labour programmes and destroy American job

'Hire American': Trump signs executive order to restrict H1B visa use

H-1B cannot be used to destroy American jobs, says US president about work programme used by Indian IT professionals.

Indian IT company accused of discrimination against foreigners in jobs

American national Tami Sulzberg alleges that at least 90 per cent of the US workforce of San Jose-based Happiest Minds, whose headquarters is in Bangalore, are South Asians, primarily from India